Reference Number: 22031107
Request ID:13-76303
Date First Offered05/29/2013
Title:Mortgage Loan Quality Control Review

Agency Reference Number:2013-HDA-HO-014
Agency:HDA - Housing Development Authority
Purchasing Agency:HDA - Housing Development Authority
Purchasing Agency SPO:Brian Quinn

Status: Closed


Description and Specifications:
The Illinois Housing Development Authority has selected to award ADFITECH, Inc. to provide mortgage loan quality control review services (the "Services") for an initial term of two (2) years with the option to renew for four (4) separate two (2) year renewals.

SPO Note: In accordance with 30 ILCS 500/35-30(f), the State Purchasing Officer may select an offeror other than the lowest bidder by price. Although the selected vendor was not the lowest price, they received the highest scores in technical evaluation. The agency has recommended to proceed with the chosen vendor, as their proposal represents the best value for the Authority and the price is fair and reasonable and within the Authority's budget. The SPO concurs.

Key Information

Notice Type:Contract Renewal
Notice Expiration Date:11/27/2017
The Authority has determined that ADFITECH, Inc. is the most well-qualified vendor to provide the Services. Based on the scope of and quantity of services required, the Authority feels the anticipated cost is both fair and reasonable.
Professional & Artistic:Yes
Small Business Set-Aside:No
Does this solicitation contain a BEP or DBE requirement?:Yes
Does this solicitation contain a Veteran requirement?:
Relevant Category:General Services

The initial two (2) year term and approved contract amount for such initial two (2) year term is not to exceed $467,750.

Up to four (4) two (2) year renewals are possible, however each of such renewals and any expenses related thereto are subject to the approval of the Authority's Board prior to the start of any renewal term.

Total of Possible Renewals: $1,871,000.
Renewal 1: $467,750.
Renewal 2: $467,750.
Renewal 3: $467,750.
Renewal 4: $467,750.
Length of Renewal Term:24
Contract Begin Date:11/01/2013
Contract End Date:10/31/2015
Remaining Renewal Terms:4
Contract Renewal
Armitage Research, LLC
CastleOak Securities, L.P.
Warbird Consulting Parnters, LLC
Cost of Initial Term: (Total Dollar Amount of Initial Term)
Cost of this Renewal: (Total Dollar Amount of Renewal)
Renewal Increase/Decrease:
Change in Specifications:No
Renewal Number: of

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
ADFITECH, Inc.$2,338,750.000%0%

Notice Contact
Name: Tara Pavlik
Street Address:Illinois Housing Development Authority
401 N. Michigan Avenue, Suite 700
Zip Code:60611
Phone: 312-836-5204
Fax Number:312-832-2195

Class Code

Class Codes:S400 Miscellaneous Services


NIGP Commodity/Service Code:946 00 FINANCIAL SERVICES - All


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